EW Bears - Get back in your cave...

[White_Knight]

You have been the scourge of the forums for the last few months - smug arrogance towards those who do not share your views and a general know-it-all attitude.

If you've been short the last 3 months and got stung, i hope that will grant you a bit of humility for next time.

 

[gfresh]

:bananasmi this should be

 

[tech/a]

Arrogant--really.
OK lets see if I can improve on that!

Sorry to disappoint on the Loss side.
Click to Expand or Close to avoid annoyance!
Trade log from around 10.30 yesterday morning.

 

[Nick Radge]

I have 25 positions on in the ASX and 4 in the US.

Every single one long.

Happy to post statements as usual.


This post may contain advice that has been prepared by Reef Capital Coaching ABN 24 092 309 978 (“RCC”) and is general advice and does not take account of your objectives, financial situation or needs. Before acting on this general advice you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.

 

[White_Knight]

I have 25 positions on in the ASX and 4 in the US.

Every single one long.

Happy to post statements as usual.


This post may contain advice that has been prepared by Reef Capital Coaching ABN 24 092 309 978 (“RCC”) and is general advice and does not take account of your objectives, financial situation or needs. Before acting on this general advice you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.

A timely post - your book arrived in the mail yesterday and i have been enjoying reading the initial chapters, particularly with regard to risk management.

Incidentally i dont count you in the "arrogant" category.

 

[Nick Radge]

Here is an example of a US position in ADBE. Its a simple 5-wave advance with an a-b-c decline. Green line is entry ( I was filled at $29.02), red line is initial stop, blue line is target and the grey line is the trailing stop.

This looks nice and easy but the last 2-months have been hard.

 

[tech/a]

A timely post - your book arrived in the mail yesterday and i have been enjoying reading the initial chapters, particularly with regard to risk management.

Incidentally i dont count you in the "arrogant" category.

I'm glad I make the grade.

Firstly LEARN TO TRADE

Secondly WALK THE WALK

Your heavily long statement for all the view is WHERE?

How's that for Arrogance!!
Muppett.

 

[White_Knight]

were going down to 2800 and i hope so!!!

No. I'll stick to my forecast, based on a solid understanding of the truly awful fundamentals and major disasters still bearing down on the US economy.

There are too many hopeful festian fundamentalists posting hopeful scenarios of a return to an everlasting bull market.

It is not going to happen, and there is much more money to be lost on the long side.

And the Dow will plummet to 1500 and like wonderful sheep we will follow right behind, fundamentals or not.

Hope over reality mate see attached chart

I think most funnymentalists would be on Serverqual which is the new Prozac I've been told.

How can any funnymentalist exist with so much conflicting data of such dubious quality.

I see nothing to indicate on the charts of the xao that we are not at the beginning of a wave 5

And one knows what happens to those who pick bottoms.

It makes me quite unwell looking at the mugs buying into a falling market.

 

[beamstas]

And was/is your own analysis any better?

It's easy to jump on board and knock someone or something for providing an analysis,

It's alot harder to actually provide your own and stand by it.

Maybe you can "predict" what the market is going to do for us? It shouldn't be so hard, since you have already "proven" eliott wave wrong, what do you bring to the table?

I have 5 ASX positions open right now, all long.

I really don't think EW can be used for predicting

 

[Nick Radge]

Yes, I see what you mean White_Night.

 

[Sean K]

While a few EW'ers are still in a W4, or have called the start of a W5 prematurely, most have still been trading I think.

However, since they've been expecting the last wave down, I imagine they have been conservative with their position sizing, and therefore probably not made the most of this nice bounce.

Smart being cautious perhaps.

Too early for the EW skeptics to take out their knives though.

The world economic crisis seems to have been potentially fixed with exactly what caused it ..... Could spell a mighty disaster down the track, just a question of when perhaps.

I think OWG's expanding triangle count gets taken off the table today. Be interested to see what Mr Elliot comes up with to replace it.

 

[Trembling Hand]

Can I hear victory trumpets warming up?

 

[tech/a]

What!!!

Not one quote from myself?

My arrogance is obviously slipping.
Fortunately this thread will have picked it up again.

 

[Frank D]

I probably think that most EW’s would be sitting this out or on the wrong
side of it, most if not all haven’t ‘demonstrated anything technically’
that would suggest this rising pattern, as most if not all think the market
is heading lower.

Where and what set-up?


The point I’m making is….

Why is Nick long who is a EW trader, and others who might be long, whilst other E-wave experts are just hopeless and clueless

Is the Methodology hopeless or is it the person using the methodology hopeless.

It’s probably the latter.

 

[skyQuake]

What!!!

Not one quote from myself?

My arrogance is obviously slipping.
Fortunately this thread will have picked it up again.

Lift yer game :

White_night, don't judge a method by a single practitioner. Keep your mind open and you will learn.

 

[Porper]

I probably think that most EW’s would be sitting this out or on the wrong
side of it, most if not all haven’t ‘demonstrated anything technically’
that would suggest this rising pattern, as most if not all think the market
is heading lower.

Don't know where you get that from. Due to the crap we get on here we tend to post to each other. I sent an email to a few traders on the 22nd June suggesting it was a good time to accumulate, including the chart and reasons why. I am more than happy to prove it to any of the mods or Joe. It won't be posted on here though.

The point I’m making is….

Why is Nick long who is a EW trader, and others who might be long, whilst other E-wave experts are just hopeless and clueless

He isn't just an Elliott Wave trader though. Most of his recs have nothing to do with Elliott whatsoever. He can speak for himself, but I have posted numerous times that it should only be used as part of a methodology, not in it's own right.

It seems a few have missed the latest move, are bitter and are taking it out on the E. Wave supporters.

Maybe you should have a look at your own failings Frank before being so judgmental.

 

[wayneL]

 

[Sean K]

Due to the crap we get on here we tend to post to each other. I sent an email to a few traders on the 22nd June suggesting it was a good time to accumulate, including the chart and reasons why. I am more than happy to prove it to any of the mods or Joe. It won't be posted on here though.

22 June probably had nothing to do with EW, but we will never know now. Oh well.

 

[beamstas]

I reckon it was the eclipse
Im changing to gann

 

[tech/a]

You crack me up!